World food prices: Sugar bucks the trend for June

8 July, 2011 by (comments)

Food prices remained high for June, rising one percent on the FAO Food Price Index of May and 39 percent higher than in June 2010.   However, cereal prices were down one percent from May, thanks to improved weather conditions in Europe and the lifting of the wheat export ban in Russia. Dry weather affected sugar production in Brazil, the world’sRead More …

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FAO-OECD: Outlook grim for food prices over next decade

17 June, 2011 by (comments)

Global food prices have risen by 40% in the last year. This upward trend is here to stay, estimates the FAO and OECD in their new report Agricultural Outlook 2011-2020. According to the report, agricultural production is expected to rise by 1.7% annually, compared to the 2.6% growth rate of the past decade. Cereal prices could average as much as 20%Read More …

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